Company DescriptionFounded by former Amazon.com Inc. employee Apoorva Mehta, Instacart wants to eliminate the trip to the grocery store altogether by using a team of smartphone-equipped drivers who get paid to shop and deliver goods on a customer’s behalf.

Proceeds PurposesThe company, which came through start-up incubator Y Combinator, said it has already served thousands of customers in the Bay Area and will use the money to expand to six additional cities.